Hillsborough, NC Real Estate

According to census data in the year 2000 there were 2,294 housing units in Hillsborough. This represents a 28.7% growth from 1,783 in 1990.

Of those housing units, 2,263 were located in either urbanized areas or urban clusters, and 31 were located in what is classified as a rural area.

Homeownership rate in Hillsborough is about 61.3%. Hillsborough's vacancy rate, including seasonal lodging, is about 7.2%. Average household size is 2.62 people.

The majority of houses, apartments or condos in Hillsborough were built after 1973.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom6.20%
Two Bedrooms34.80%
Three Bedrooms43.90%
Four Bedrooms11.50%
Five Bedrooms or more2.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1973
Median Value of occupied units$117,100
Median Price asked for vacant units$183,300

Rented Homes, Apartments and Condos

Average Household Size2.64
Median year structure was built1972
Median Monthly Rent asked for vacant units$495

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.40%
Second Mortgage4.70%
Home Equity Loan13.10%
Simple Mortgage55.60%
Debt Free25.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20%